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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Revenues $ 1,143,820 $ 1,088,131 $ 3,357,822 $ 3,093,621
Expenses:        
Depreciation and amortization 238,748 220,772 682,531 661,608
General and administrative 28,625 29,501 79,603 81,401
Interest expense 58,350 34,113 132,530 100,178
Operating expenses 614,667 561,428 1,751,779 1,636,437
Other increases to net income:        
Interest and other income 32,295 12,736 69,381 26,394
Equity in earnings of unconsolidated real estate entities 7,227 8,180 22,787 100,129
Foreign currency exchange gain 47,880 100,170 19,924 237,270
Gain on sale of real estate 88 1,503 88 1,503
Gain on sale of equity investment in PS Business Parks, Inc. 0 2,128,860 0 2,128,860
Net income 616,643 2,778,152 1,718,223 3,951,340
Allocation to noncontrolling interests (3,345) (9,158) (9,188) (14,553)
Net income allocable to Public Storage shareholders 613,298 2,768,994 1,709,035 3,936,787
Allocation of net income to:        
Preferred shareholders (48,678) (48,678) (146,029) (145,716)
Restricted share units (1,383) (8,155) (3,922) (11,405)
Net income allocable to common shareholders $ 563,237 $ 2,712,161 $ 1,559,084 $ 3,779,666
Net income per common share:        
Basic (in USD per share) $ 3.21 $ 15.47 $ 8.89 $ 21.57
Diluted (in USD per share) $ 3.20 $ 15.38 $ 8.85 $ 21.44
Basic weighted average common shares outstanding (in shares) 175,499 175,283 175,451 175,227
Diluted weighted average common shares outstanding (in shares) 176,150 176,328 176,170 176,325
Self-storage facilities        
Revenues:        
Revenues $ 1,078,721 $ 1,027,374 $ 3,167,025 $ 2,917,675
Expenses:        
Self-storage cost of operations 267,785 255,470 794,078 738,953
Ancillary operations        
Revenues:        
Revenues 65,099 60,757 190,797 175,946
Expenses:        
Ancillary cost of operations $ 21,159 $ 21,572 $ 63,037 $ 54,297